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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Joan Osland Graffius who wrote (166548)5/17/2002 5:36:45 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
<<If gold is a proxy for inflation then the equity market should be retreating like heck. Or is gold being used as a vehicle by investors to protect purchasing power because of falling currencies or in the case of Japan protection of their cash assets. If this is the case then money should be coming out of someplace to support this price in gold? Maybe US treasuries????>>

That's my working thesis (but I reserve the right to change my mind at any time and whenever I want!<GGG>)
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